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Business headlines with summaries.
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Scales Corporation reports 35 percent drop in profit
22 Feb 2024The apple, pet food and logistics group has reported a drop in profit of 35 percent for the full year ended December 2023.
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Rents could increase throughout this year - Trade Me
Trade Me's latest Rental Price Index shows the national median weekly rent surged to $630 last month - a 0.8 percent increase on December.
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SkyCity registers drop in first-half revenue, profit
22 Feb 2024The casino operator is also grappling with a myriad of regulatory compliance issues on both sides of the Tasman.
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More travellers from the US sees Auckland Airport profit up
22 Feb 2024Rebounding passenger numbers have lifted Auckland Airport's half year profit, but it's warning of a slowdown in recovery.
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Port of Auckland first half results show $21 million net profit
22 Feb 2024Port of Auckland says it will be able to pay its shareholder Auckland City a half year dividend of $20 million and expects to pay a further $15m later.
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NZ businesses warned of cascading risks in 2024
22 Feb 2024The economic slowdown, cyber-security and environmental issues are amongst the top risks facing businesses this year, according to a new report.
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Auckland Airport hits back at Air New Zealand
21 Feb 2024Air NZ had called for a review of the airport's redevelopment costs, saying its regulated charges would make flying unaffordable for some.
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Market uncertainty behind drop in business credit applications - Equifax
21 Feb 2024Though demand from the hospitality, accommodation and transport sectors remained strong, data showed.
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NZME profit halves after drop in revenue
21 Feb 2024The owner of the New Zealand Herald and Newstalk ZB said the result reflected a challenging year.
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Mānuka honey producer Comvita 'disappointed' at interim loss
Revenue was down due to weaker consumer demand in China and losing a major customer in North America.
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Contaminated fuel from BP station leaves drivers fuming
22 Feb 2024Motorists are complaining about their cars "rattling", breaking down and dropping to low power after filling up.
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Lies about recycling drove plastic sales - report
22 Feb 2024The US-based Center for Climate Integrity found the majority of plastics cannot and never will be recycled. Audio
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EBOS profits up thanks to boost in healthcare spending
21 Feb 2024Pharmaceutical supplier and animal products company EBOS has posted a solid lift in half-year profit.
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Westpac picks OCR likely to remain on hold this year
21 Feb 2024However the bank says 2024 will be challenging for the government and the risk of higher interest rates can't be ruled out.
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Dairy prices hit 18-month high
International average dairy prices have reached their highest level since October 2022.
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MPI urged to make changes after berry Hep A cases
20 Feb 2024The auditor-general says the ministry is not routinely checking food safety compliance by importers of high-risk foods.
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Wellington, Dunedin, Tauranga councils at risk of credit downgrade
20 Feb 2024Deteriorating finances, rising debt, and policy uncertainty have led to the threat of a downgrade from S&P Global Ratings.
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Accusations fly in Air NZ and Auckland Airport spat
22 Feb 2024Air New Zealand says it wants greater say in Auckland Airport plans, but the airport accuses it of seeking control.
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Massey won't rule out further cuts amid $41m deficit
21 Feb 2024Massey University expects to record a smaller loss than forecast for 2023 - but is still likely to make further deficits before it achieves financial stability.
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Housing shortage hurting businesses, limiting economic growth - survey
21 Feb 2024Fiordland businesses are calling for urgent action to address a critical housing shortage they say is limiting the region's economy.
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House sales off to a sluggish start, but 'gradual upturn' in sight
20 Feb 2024Data from property research firm CoreLogic showed sales volume was only 2 percent higher than the same month last year.
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Steel & Tube's profit falls sharply on weak demand
20 Feb 2024The steel products company's profit has fallen by more than 50 percent as softer economic conditions led to reduced volumes and lower top line revenue.
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Mercury Energy first half profit slips
20 Feb 2024The company is to raise prices in April because of rising costs and said it expected prices to stay high in the short term.
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Tourism Holdings half-year profit up by 58%
20 Feb 2024The campervan company's result comes despite volatility in the vehicle sales market and challenging economic conditions.
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